MAF inks EGP2.5 billion syndicated loan agreement to fund City Centre Almaza
Majid Al Futtaim (MAF) has signed a syndicated loan agreement with a consortium of banks, amounting to EGP2.5 billion. The consortium includes: Arab Bank, Bank Audi, Alex Bank, National Bank of Abu Dhabi, Emirates NBD, Mashreq, and NBK Egypt. The funds will be directed to finance part of the company’s planned City Centre Almaza, which has a total investment cost of EGP4 billion, set to be operational before end of 2019. (Daily News Egypt)
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